Ethic Inc. Has $7 Million Holdings in General Mills, Inc. $GIS

Key Points

• Ethic Inc. has increased its holdings in General Mills, Inc. by 5.0%, bringing its ownership to 117,289 shares valued at approximately $7 million as of the latest SEC filing.
• General Mills reported earnings per share (EPS) of $0.74 for the last quarter, slightly exceeding analyst expectations, although revenue fell 3.3% year-over-year to $4.56 billion.
• The company has declared a quarterly dividend of **$0.61**, marking a small increase from the previous dividend, which translates to an annual yield of **4.9%**.

Ethic Inc. increased its holdings in General Mills, Inc. (NYSE:GIS - Free Report) by 5.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 117,289 shares of the company's stock after buying an additional 5,602 shares during the period. Ethic Inc.'s holdings in General Mills were worth $7,004,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the business. Perpetual Ltd increased its position in shares of General Mills by 3.5% during the first quarter. Perpetual Ltd now owns 5,411 shares of the company's stock worth $324,000 after purchasing an additional 184 shares in the last quarter. Conning Inc. boosted its stake in shares of General Mills by 4.6% during the 1st quarter. Conning Inc. now owns 4,212 shares of the company's stock worth $252,000 after acquiring an additional 185 shares in the last quarter. Benjamin Edwards Inc. boosted its stake in shares of General Mills by 0.4% during the 1st quarter. Benjamin Edwards Inc. now owns 52,298 shares of the company's stock worth $3,127,000 after acquiring an additional 185 shares in the last quarter. Eastern Bank boosted its stake in shares of General Mills by 0.8% during the 1st quarter. Eastern Bank now owns 24,817 shares of the company's stock worth $1,484,000 after acquiring an additional 186 shares in the last quarter. Finally, SPC Financial Inc. lifted its stake in General Mills by 1.5% in the 1st quarter. SPC Financial Inc. now owns 13,452 shares of the company's stock valued at $804,000 after buying an additional 193 shares in the last quarter. 75.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. UBS Group decreased their price target on shares of General Mills from $52.00 to $49.00 and set a "sell" rating on the stock in a research note on Thursday, June 26th. The Goldman Sachs Group downgraded shares of General Mills from a "buy" rating to a "neutral" rating and dropped their target price for the company from $68.00 to $58.00 in a report on Monday, June 9th. Royal Bank Of Canada raised shares of General Mills from a "sector perform" rating to an "outperform" rating and decreased their price target for the company from $67.00 to $63.00 in a research report on Thursday, June 26th. Wells Fargo & Company set a $53.00 price target on shares of General Mills and gave the company an "equal weight" rating in a research report on Thursday, June 26th. Finally, Barclays dropped their price objective on shares of General Mills from $60.00 to $54.00 and set an "equal weight" rating on the stock in a research note on Thursday, June 26th. Four research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, General Mills has a consensus rating of "Hold" and a consensus price target of $59.73.

General Mills Stock Up 1.0%

NYSE GIS traded up $0.4850 during trading hours on Tuesday, reaching $49.8350. 9,030,977 shares of the company traded hands, compared to its average volume of 5,597,153. General Mills, Inc. has a 12 month low of $48.59 and a 12 month high of $75.90. The company has a current ratio of 0.67, a quick ratio of 0.43 and a debt-to-equity ratio of 1.38. The stock has a market capitalization of $27.03 billion, a PE ratio of 12.15, a PEG ratio of 1.25 and a beta of -0.01. The company has a 50 day moving average of $51.20 and a two-hundred day moving average of $55.41.

General Mills (NYSE:GIS - Get Free Report) last issued its quarterly earnings data on Wednesday, June 25th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.02. The firm had revenue of $4.56 billion for the quarter, compared to the consensus estimate of $4.60 billion. General Mills had a net margin of 11.78% and a return on equity of 24.88%. General Mills's quarterly revenue was down 3.3% compared to the same quarter last year. During the same period last year, the firm posted $1.01 EPS. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. As a group, equities analysts expect that General Mills, Inc. will post 4.36 earnings per share for the current year.

General Mills Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Thursday, July 10th were given a $0.61 dividend. This is a positive change from General Mills's previous quarterly dividend of $0.60. This represents a $2.44 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend was Thursday, July 10th. General Mills's payout ratio is 59.51%.

General Mills Company Profile

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates through four segments: North America Retail; International; Pet; and North America Foodservice. It offers grain, ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables.